The “BUDDY” system is at the core of AGRIBUDDY’s concept. BUDDIES are agents of AGRIBUDDY who live in rural villages and enable farmers who do not have smartphones or cannot use them, to register and transact with AGRIBUDDY. BUDDIES are trained to collect agricultural and personal data and help farmers with credit and technical advice.
Analysis of the data collected at field level about farmers, crops, cultivation methods and regional parameters, it is possible to build a more accurate credit risk profile for individual farmers and upwards, therefore enabling institutional and individual lenders to establish credit limits as well as price credit more optimally. The credit lines generated by the system enables the financing of agricultural inputs in required quantities at the exact times so that crop yields increase dramatically.
AGRIBUDDY’s network of research institutions and universities enables small farmers to access technical and market information that was earlier inaccessible to them. This helps them reduce cost, apply appropriate technologies and inputs, and raise both yields and prices received for their crops. Their resulting overall increase in income is the foundation for a more sustainable future.
distribution channels with unique data gathering and demand analysis capabilities from a grassroots network of BUDDIES.
The estimated shortfall in serving the global demand
for smallholder finance
ー USAID (U.S. Agency for International Development)
|Number of BUDDIES||50 thousand people||300 thousand people||1 million people|
|Number of farmers whose agricultural productivity and
income are raised by BUDDIES
|2 million people||7.5 million people||30 million people|
|Total credit required||1.08 billion dollars||8.1 billion dollars||32.4 billion dollars|
|Working capital required||380 million dollars||2.83 billion dollars||1.34 billion dollars|